Catylist ID:
#30823694
Successful Grocery Store
Undisclosed Address, Maine
Business Opportunity
for Sale
Sale Pending
| Catylist Listing ID: | 30823694 |
| Property Subtypes: | Food and Beverage |
| Status: | Pending |
| Building Size (RSF): | 15,000 SF |
| Sale Price: | $6,250,000 |
| Gross Revenue: | $11,169,097 (Annual) |
| Cash Flow: | $924,573 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Last Updated: | 5/26/2023 |
Overview / Comments
| Successful grocery store located in a popular year-round recreation area of Maine. This store reaps the benefit of being the only full service operation in the region and is patronized by year-round locals, seasonal residents, and tourists alike. In business for decades, the store achieves consistently strong sales with very little marketing effort. |
Attachments & Media
Additional Details
| Industry Segment: | Grocery and Supermarkets |
| Reason for Selling: | Retiring |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $45,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $3,000,000 |
| Employee/Labor Description: | 26 FT / 8 PT |
| Mgmt/Training Support Description: | Two weeks |
| Competition/Market Description: | Largest grocery store in the area with very little competition. |
| Growth/Expansion Opportunities: | The retail portion of the building could benefit from an update to enhance the shopping experience. This, along with a brand refresh, could help to capitalize on the population growth the region is currently experiencing. Another opportunity is with marketing. The business has been – and continues to be – successful without doing so, but there is no online presence at the moment. Developing a marketing strategy may bring in new customers as well as provide increased awareness within the community. |
Contact
Kirk A ButterfieldMagnusson Balfour/KW Commercial a div. of Keller Williams RealtyNECPE Member |
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